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  5. ›Voluntary, Fully-Insured Vision Insurance Plan

State of Tennessee·Tennessee

Voluntary, Fully-Insured Vision Insurance Plan

Closes in 4 days$4M – $10MRequest for Proposal
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Description

The State of Tennessee is seeking a single vendor to deliver a fully‑insured, voluntary vision‑insurance program for all state employees, retirees, and dependents. The contractor will be responsible for claims processing, toll‑free call‑center operations, enrollment file handling (834 format), provider‑network management (statewide and national), online member portals, mobile access, marketing/communication materials, and comprehensive reporting/analytics throughout a five‑year benefit period (2028‑2032) with a ten‑month implementation window (Mar‑Dec 2027). Key deliverables include a Go‑Live date of 1 Jan 2028, a complete provider‑access analysis using Quest Analytics, a fully operational microsite and mobile app by Sep 2027, and strict performance guarantees with liquidated‑damage penalties. • Core services: claims, call‑center, enrollment, provider‑network, member web/mobile platforms, reporting. • Mandatory compliance: HIPAA BAA, NIST 800‑53, SOC 2 Type II/HITRUST, various federal/state regulations, and extensive insurance coverage. • Performance guarantees include $25k per day for late Go‑Live and $1k per day per missed implementation milestone.

Attached files

Contact

Heather Pease(Procurement & Contracts Director)

[email protected]

(615) 253-1652

Key dates

Opened
8/14/2026
Questions due
9/4/2026
Pre-bid meeting
8/21/2026
Closes
11/6/2026
Projected award
1/28/2027
Duration
70 months

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524113
Solicitation №
31786-00192

Budget estimate

$4,000,000 – $10,000,000

The solicitation does not disclose total contract value. Based on historical “pass‑through” payments to the incumbent (≈ $800 k per month, about $9.6 M annually) and assuming a similar enrollment volume, the five‑year benefit period could generate roughly $48 M in premium flows. Assuming a typical insurer profit margin of 8‑15 % on fully‑insured group products, the vendor’s net earnings might fall between $4 M and $10 M over the contract life.

AI estimate from the solicitation

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